Financial Business Update: China Investment DIVESTS BlackRock

China Investment Corp. (CIC) has divested the majority of its investment in BlackRock, Inc. (NYSE:BLK), through an incremental offloading of shares over the past few months, according to the Financial Times. The company had held onto just below 3 percent, which was worth about $1 billion, and reports that it has profited from the investment, even after sustaining losses on Morgan Stanley (NYSE:MS), The Blackstone Group L.P. (NYSE:BX), and Noble Energy, Inc. (NYSE:NBL).

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